Acadian Asset Management (NYSE:AAMI) Sets New 1-Year High – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $73.59 and last traded at $72.4830, with a volume of 2776 shares trading hands. The stock had previously closed at $71.12.

Wall Street Analysts Forecast Growth

AAMI has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $66.00 price target on shares of Acadian Asset Management in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Evercore set a $60.00 target price on shares of Acadian Asset Management in a research report on Friday, April 10th. Finally, Weiss Ratings cut shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.00.

Acadian Asset Management Trading Up 1.9%

The company has a market cap of $2.64 billion, a PE ratio of 31.48 and a beta of 1.33. The stock has a 50 day moving average price of $61.52 and a 200 day moving average price of $53.72.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. The company had revenue of $165.00 million for the quarter. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%. Equities analysts expect that Acadian Asset Management Inc. will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s dividend payout ratio (DPR) is presently 17.02%.

Insider Transactions at Acadian Asset Management

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the sale, the chief accounting officer owned 73,863 shares of the company’s stock, valued at $4,946,605.11. The trade was a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.60% of the stock is currently owned by company insiders.

Institutional Trading of Acadian Asset Management

A number of hedge funds have recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management during the 2nd quarter valued at approximately $31,000. Transamerica Financial Advisors LLC boosted its holdings in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Acadian Asset Management in the second quarter worth $61,000. WealthCollab LLC bought a new position in shares of Acadian Asset Management during the second quarter valued at $65,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Acadian Asset Management during the second quarter valued at $97,000. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.